Metaplanet CEO Simon Gerovich Defends Bitcoin Strategy Amid Anonymous Allegations

Amid growing scrutiny over Metaplanet’s Bitcoin accumulation strategy, CEO Simon Gerovich has stepped forward, breaking the silence. Pushing back against anonymous allegations of hiding losses and mismanaging shareholder funds, Gerovich defended the strategy, asserting that the company has acted transparently.

Metaplanet CEO Denies Claims of Hidden Losses

Metaplanet is now facing a fresh accusation from an unknown individual who asserted that the firm operates without proper disclosure practices. The post alleged that the company did not disclose its Bitcoin purchases correctly, mishandled options trades, and hid crucial financial details from investors.

The criticism comes amid Metaplanet’s pledge to buy more BTC despite the current downturn. As CoinGape reported, the company stated it will continue its Bitcoin accumulation strategy, reiterating its long-term view.

In response to these allegations, Metaplanet CEO Simon Gerovich shared a detailed post, downplaying the critic’s claims. According to Gerovich, the allegations are misleading, and they overlook information that already been shared publicly with shareholders. He added,

“The claim that our disclosures are insincere is inflammatory and contrary to the facts. Over the past six months, with volatility having risen significantly, we have allocated more capital to our income business and capitalized on that volatility by selling puts and put spreads. These funds are being actively managed as option positions…All of our Bitcoin addresses are publicly available, and through our live dashboard, shareholders can check our holdings in real time.”

Bitcoin Purchases and Options Strategy Explained

Further, Gerovich shed light on the company’s four Bitcoin purchases made last September. He highlighted that the company immediately disclosed the details after purchase. He reiterated the company’s strategy of holding Bitcoin for the long term, adding, “It is about accumulating Bitcoin long-term and systematically, and we consistently disclose every purchase regardless of the price level at which it trades.”

Meanwhile, Gerovich also responded to the criticism of Metaplanet’s options trading. He elaborated that selling put options helps reduce the overall cost of purchasing BTC because the company earns premium income upfront. He added that this approach helped increase Bitcoin per share by more than 500% in 2025.

The CEO also responded to questions about Metaplanet’s financial reports. In its financial review 2025, the company recorded a $679 impairment charge, mainly due to Bitcoin’s price volatility. Gerovich stated that the net profit numbers can be misleading for a Bitcoin treasury company. This is because they include unrealized gains or losses based on price swings.